Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended their losing spell for the third session in a row on Monday as most of the investors were on selling mood amid reduced trading time in Ramadan.
The market opened positive and key index of the premier bourse advanced nearly 4.0 points within the first 30 minutes of trading, but rest of the session fell steadily, eventually ended lower.
By the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,369.00, shedding 18.77 points or 0.43 percent.
The DS30 index, comprising blue chips, fell 11.34 points or 0.66 percent to close at 1,712.99 points.
The DSE Shariah Index (DSES) also plunged 4.97 points or 0.46 percent to settle at 1,075.77 points.
Turnover, an important indicator of the market, remained low as total turnover on the DSE amounted to BDT 3.28 billion, which was 2.18 percent higher than the previous day’s BDT 3.21 billion.
The losers took a strong lead over the gainers as out of 320 issues traded, 179 closed lower, 73 higher and 68 remained unchanged on the DSE trading floor.
ACME Laboratories continued to dominate the turnover chart for the 10th trading sessions since its debut on June 7, with shares worth BDT 235 million changing hands, followed by Bangladesh Building Systems BDT 167 million, Square Pharma BDT 141 million, Doreen Power BDT 119 million and GPH Ispat Complex BDT 93 million.
National Feed Mills was the day’s best performer, posting a rise of 5.26 percent, while Agrani Insurance was the worst loser, plunging 7.97 percent.
The port city bourse Chittagong Stock Exchange (CSE) also closed lower with its Selective Categories Index- CSCX- slumping by 46.25 points to finish at 8,177.56 points.
Losers beat gainers 136 to 65, with 38 issues remaining unchanged on the port city bourse that traded 6.85 million shares and mutual fund units with a value of BDT 191 million.